UK

Taxpayer Funding Of Prince Of Wales Drops By Nearly Half

28/06/2013 12:47 BST
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LONDON, ENGLAND - JUNE 27: Prince Charles, Prince of Wales presents Operational service medals to the servicemen of the Royal Dragoon Guards at Clarence House on June 27, 2013 in London, England. (Photo by Tim P. Whitby - WPA Pool/Getty Images)

The Prince of Wales's funding from the taxpayer fell by almost 50% during the last financial year to £1.1 million, official accounts have showed.

Charles's income from the sovereign grant and government departments fell from £2.1m, a drop of 47% during 2012/13.

He also saw his private funding from the Duchy of Cornwall - the landed estate given to the heir to the throne to provide him or her with an income - go up by 4% to £19m.

The large fall in funds from the taxpayer was in large part due to a reduction in costs as overseas countries he visited footed his travel bill.

Spending on official travel paid for through the sovereign grant - the new funding system which has replaced the civil list - and grants-in-aid fell during the period from £1.3m to £644,000.

The Prince's tax bill fell slightly by £70,000 to £4.426m, a drop of 1.5%.

Charles and the Duchess of Cornwall travelled almost 58,000 miles to and from official engagements at home and abroad, the Clarence House report said.